Pursuant to Decree No. 55/2003/ND-CP dated May 28, 2003 of the Government functions, tasks, powers and organizational structure of the Ministry of industry;

Pursuant to Decree No. 64/2002/ND-CP dated 19 June 2002 of the Government on the transfer of State enterprises into joint-stock companies;

Proposal of power construction company (No. 03147 CV/XLĐ3-TCNS & TEL on November 30, 2004), alternative capitalization 3.1 electric construction company and the minutes of the Board's approach evaluation innovation and Enterprise Development Ministry on December 3, 2004;

According to the recommendations of the Board of innovation and business development and Director of personnel organization, decision: article 1. Approval equitizing 3.1 electric construction company, a subsidiary of State power construction company 3 include the main points as follows: 1. The structure of capital: capital of the stock company is 5,500,000,000 (Five billion, five hundred million dollars). Of which: shares of the State rate: 30.00%;

The proportion of shares sold to employees in company: 63.03%;

The proportion of shares sold out to company: 6.97%.

The value of a shares: 100,000.

2. the actual value of 3.1 electric construction company on January 1, 2004 for holdings (decision No. 3203/QD-TCKT on November 30, 2004 by the Ministry of industry) is 15,718,760,316. In it, the actual value of the State stake in the company is 7,284,285,650.

3. Incentives to workers in the company.                                 

The total number of shares sold for industrial 302 incentives the company was 25,726 shares with the value of incentives is 771,780,000. In that sale, deferred incentives for 16 working poor is 2,478 shares, worth $173,460,000.

4. About the capitalization costs and solve labour redundant, the company procedures, electrical construction company reports 3 and the competent authorities of the State for approval under the current rules.

Article 2.  3.1 electric construction company moved into joint-stock companies 3.1 electric construction, name the POWER CONSTRUCTION JOINT STOCK COMPANY 3.1;

Abbreviation: PCC 3.1;

Headquarters: No. 489 Nguyen Luong bang Street, Republic, Lien Chieu district, Da Nang City.

Article 3. Company industry: the business of construction and installation works and grid system to 500 kV electrical substation and power structures; construction of industrial, civil, transportation, irrigation, telecommunications, culture, sports, the airport, the Harbour;

Production equipment, electrical accessories;

Extraction and sales of sand, stone, gravel and other construction materials;

Business housing development and urban infrastructure, industrial zones, export processing zones, hi-tech, new economic zone;

Import export business: supplies, electrical equipment, building materials, transportation equipment, construction motorcycles;

Transport business goods; car repair construction machines and means of transport;

Structural steel fabrication, mechanical products and zinc; concrete products manufacturing; petroleum trading;

Investment in independent power plants; production and sales of electricity;

Business sectors in accordance with the law.

Article 4. Electric construction company 3.1 is legal under the law of Vietnam since being granted registration, make independent economic accounting; used seals, opened an account at the Bank in accordance with the law; Organization, operating under the Charter of the company and business law.         

Article 5. 3 electric construction company is responsible for directing the electrical construction company organization 3.1 sale of shares and the shareholder General Assembly organized the first electricity construction joint stock company 3.1 in accordance with current regulations.

The Director and Chief Accountant 3.1 electric construction company responsible for operating the work of 3.1 electric construction company until handing over the entire capital, assets, employees and Board of Directors of joint-stock companies.

Article 6. This decision takes effect 15 days from the date The report.

Chief of the Department, the Chief Inspector, the Director, Bureau Chief of the Ministry, General Director of the company 3 electric construction, electrical construction company Manager 3.1, the Board and the Director of the electricity construction joint stock company 3.1 is responsible for the implementation of this decision.